Question

Anjum has offered a loan with a 10% quarterly compound interest for 6 years and 11% on the remaining balance thereafter.

You want to borrow Rps.195000 now for a total term of 10 years. What will be your quarterly repayment for the first 6 years

and the next 4 years, such that the whole amount with interest is paid back in 10 years.

a ) 11018 and 14549

b) 7345 and 9699

c ) 14690 and 19398

d) 5876 and 7759​

Answer 1

Step-by-step explanation:

Anjum has offered a loan with a 10% quarterly compound interest for 6 years and 11% on the remaining balance thereafter.

Anjum has offered a loan with a 10% quarterly compound interest for 6 years and 11% on the remaining balance thereafter.You want to borrow Rps.195000 now for a total term of 10 years. What will be your quarterly repayment for the first 6 years

Anjum has offered a loan with a 10% quarterly compound interest for 6 years and 11% on the remaining balance thereafter.You want to borrow Rps.195000 now for a total term of 10 years. What will be your quarterly repayment for the first 6 yearsand the next 4 years, such that the whole amount with interest is paid back in 10 years.